Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed on Monday.

Last week Fujian Mawei Shipbuilding delivered their Hull No.

Baker Hughes has reported in its Weekly Rig Count reports that, after a significant drop last week, the U.

Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

Britoil Offshore Services’ Platform Supply Vessel (PSV) Britoil Energy, has been launched today at PT.

Plexus Holdings has entered into a Framework Agreement with Yantai Jereh Oilfield Services Group Co.

South Korea’s Hyundai Heavy Industries (HHI), one of the world’s largest shipbuilders and offshore rig builders, reported ‘below expectations’ 2014 results.

Estonian Shipbuilding, Repairs and Conversion Group (SRC) has established a new Norwegian-Estonian maritime engineering collaboration chaired by Diderik Schnitler.

Proper risk assessments and consultation have not taken place and the new rotas will have an adverse impact on member’s safety, health and quality time, says GMB, UK’s general trade union.

Russian oligarch Mikhail Fridman's battle to salvage his North Sea gas fields purchase will take weeks if not months to resolve as the British cabinet has left it for the next government to take the decision, sources said.